Unprecedented Floods of 2023 Highlight Rising Economic and Insurability Challenges in the U.S.
In 2023, the U.S. experienced several catastrophic floods, revealing critical gaps in current flood risk assessments and the growing impact of climate change.
April 16, 2024
Property
Risk Management
Technology
California
Florida
Connecticut Contractor Faces Heavy Fines After Pier Collapse in Massachusetts Injures Workers
OSHA fines Mohawk Northeast Inc. over $200,000 for failing to ensure the safety of a pier that collapsed in New Bedford, injuring two workers.
April 15, 2024
Liability
Marine
Risk Management
Connecticut
Massachusetts
Insurance Industry Debates the Reliability and Future of Catastrophe Modeling
As natural disasters continue to increase insurance losses, industry leaders question the current reliance on catastrophe models for risk assessment.
April 15, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Homeowners Insurance Costs Skyrocket Unnoticed by Official Inflation Figures
Homeowners insurance rates have surged by 50% since 2019, exacerbating the financial burden on homeowners, yet this rise is missing from CPI calculations.
April 15, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Concerns Rise Over Sufficient D&O Insurance Rates Amid Falling Premiums
With D&O insurance premiums on a downturn and economic pressures intensifying, the industry faces challenges in maintaining adequate coverage levels.
April 15, 2024
Insurance Industry
Liability
Risk Management
Underwriting
Workers’ Compensation Process Stalls Woman’s Ketamine Pain Relief Bid
Facing chronic pain from a workplace injury, a Newfoundland woman contends with workers’ compensation delays for a vital ketamine treatment.
April 11, 2024
Legislation & Regulation
Life & Health
Risk Management
Workers' Compensation
Cities with the Highest Insurance Fraud Incidence in 2023
An analysis reveals the U.S. cities most affected by insurance fraud, with Atlanta leading and diverse factors contributing to the issue across the nation.
April 10, 2024
Fraud
Insurance Industry
Legislation & Regulation
Risk Management
Georgia
Illinois
Michigan
Missouri
Nevada
Tennessee Supreme Court Rules Employers Can’t Use Vicarious Liability to Block Negligence Claims
In a landmark decision, the Tennessee Supreme Court rules that employers cannot hide behind vicarious liability to avoid direct negligence claims, impacting multiple industries.
April 10, 2024
Insurance Industry
Legislation & Regulation
Liability
Risk Management
Tennessee
Texas A&M Contemplates Revival of Historic Bonfire Tradition After 25 Years
Texas A&M University explores the return of the Aggie bonfire tradition, seeking input from victims’ families 25 years after a fatal accident halted the event.
April 9, 2024
Education & Training
Insurance Industry
Legislation & Regulation
Risk Management
Texas
Auto Industry Faces New Challenges and Opportunities Amid Rising Vehicle Complexity
The Q1 2024 Crash Course Report delves into how escalating vehicle complexity impacts insurance claims and collision repairs, with a focus on solutions.
April 9, 2024
Auto
Insurance Industry
Risk Management
Technology
Generative AI Revolutionizes Claims Processing in Insurance Industry
Generative AI is transforming insurance claims handling, reducing costs and improving efficiency through workflow automation and risk assessment.
April 9, 2024
Fraud
Insurance Industry
Risk Management
Technology
Zurich Insurance to Halt Underwriting New Oil and Gas Projects in Sustainability Push
In a bold sustainability move, Zurich Insurance will stop underwriting new oil and gas projects, aiming for net zero emissions by 2050.
April 9, 2024
Insurance Industry
Risk Management
Technology
Colorado Legislators Debate Bill to Impose Liability Insurance Requirement on Firearm Owners
In a close vote, Colorado’s House Business Affairs and Labor Committee advances a bill requiring firearm owners to hold liability insurance, aiming to enhance responsible gun ownership.
April 8, 2024
Insurance Industry
Legislation & Regulation
Liability
Risk Management
Colorado
Boeing 737 Engine Cover Detachment Triggers Investigation
The FAA has launched an investigation after an engine cover on a Boeing 737-800 detached during takeoff, causing no injuries but raising safety concerns.
April 8, 2024
Legislation & Regulation
Risk Management
Technology
Colorado
Florida
Texas
CSU Predicts Record-Breaking Atlantic Hurricane Season for 2024
Colorado State University’s researchers forecast a significantly active 2024 Atlantic hurricane season, citing unusually warm ocean temperatures and potential La Niña conditions.
April 8, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Florida
